Is Litchfield County, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Litchfield County has remained a Seller's Market.
Key Takeaway
Litchfield County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Litchfield County, CT
How much do homes in Litchfield County, CT cost?
Median Sold Price
$336,600
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Litchfield County have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Litchfield County was $336,600 in March 2024, up 12.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.4K | $162.5K | +1.9% |
| 2 Bedrooms | $218.1K | $244.8K | +12.3% |
| 3 Bedrooms | $313.5K | $340K | +8.5% |
| 4 Bedrooms | $433.3K | $495K | +14.2% |
| 5+ Bedrooms | $372.5K | $409.2K | +9.9% |
Summary: Litchfield County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Counties
| Litchfield County | $299.9K | $336.6K | +12.2% |
| New Haven County | $305.4K | $335.5K | +9.9% |
| Hartford County | $297K | $325.7K | +9.6% |
| Fairfield County | $534.9K | $574.7K | +7.4% |
| Dutchess County | $397K | $425K | +7.1% |
Housing Supply in Litchfield County, CT
How many homes are available in Litchfield County, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 625 | 685 | +9.6% |
Summary: The Litchfield County real estate market had 685 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 20 | +5.3% |
| 2 Bedrooms | 112 | 111 | -0.9% |
| 3 Bedrooms | 249 | 289 | +16.1% |
| 4 Bedrooms | 169 | 176 | +4.1% |
| 5+ Bedrooms | 76 | 89 | +17.1% |
Summary: The Litchfield County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 121 | 144 | +19.0% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Litchfield County, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 144 homes were sold or pending in Litchfield County in March 2024, up by 19.0% month-over-month. Of the 144 sold homes, 38% were sold under asking, 18% were sold at asking, and 44% were sold over asking.
Days on Market for Litchfield County, CT
We’re sorry, we don't have information for this market at the moment
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